The Mitas Group
The Mitas Group is a family-owned software vendor founded in 1969 that builds and hosts the MITAS platform — financial management, loan origination, loan servicing, and multifamily compliance modules — for U.S. state housing finance agencies and small affordable-housing agencies.
- Company typePrivate
- Founded1969
- HeadquartersMckinney, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What The Mitas Group does
The Mitas Group, Inc. is a privately held, family-owned application software company founded in 1969 and headquartered in Melissa, Texas (near McKinney). It sells and supports the MITAS Software Platform — a browser-based, cloud-hosted suite purpose-built for U.S. state and local Housing Finance Agencies (HFAs) and adjacent small agencies (cities, counties, CDFIs, non-profits). The platform unifies financial management (General Ledger, Accounts Payable/Receivable, Cash Management, Bond Debt Service, Fixed Assets) with specialized lending modules for Single Family and Multifamily programs, loan origination, loan servicing, asset management, multifamily compliance (LIHTC/HOME), property management, and a customer self-service portal, with integrations to ULDD, HUD IDIS, and the NAHMA XML standard. Deployment options include a private cloud on a Tier 3 data center (with claimed 30–60% cost reduction versus on-premise) and on-premise hosting, both backed by SSAE 18 Type II, SOC 2, HIPAA, GLBA, PCI-DSS, ITAR, and EU-US Privacy Shield certifications.
The company generates revenue through three streams: recurring software subscriptions, implementation and training professional services, and managed hosting/support services, with a separate Custom Development line for agencies whose requirements exceed the standard product. Pricing is quote-based and not publicly disclosed; hosting is offered on a flat-fee annual model. Go-to-market is direct sales to a concentrated U.S. public-sector buyer base, supported by an annual MITAS Customer Conference (April 13–15, 2026, McKinney, TX) and product demonstration videos on the corporate website. The customer base is described as "dozens" of state HFAs with a 20+ year production track record at individual agencies, supplemented by a growing footprint among small agencies and select custom-development engagements; the company has no disclosed institutional investors, no acquisitions, no leadership changes, and no AI/ML capabilities in its product surface.
The Mitas Group firmographics
Firmographics- Name
- The Mitas Group
- Legal name
- The Mitas Group, Inc.
- Website
- https://mitas.com
- Company type
- Private
- Founded year
- 1969
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- The Mitas Group is a family-owned software vendor founded in 1969 that builds and hosts the MITAS platform — financial management, loan origination, loan servicing, and multifamily compliance modules — for U.S. state housing finance agencies and small affordable-housing agencies.
- Ownership category
- akta.pro rank
The Mitas Group industry classification
Industry- Product category
- Housing Finance Software
- NAICS
- Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)
- akta.pro primary industry
- State & Local Housing Finance Agencies (HFAs) (FSALAKAA)
- akta.pro secondary industries
- Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Managed Application Platforms (App PaaS & Runtime Services) (HDABAAAD)
Keywords
Where The Mitas Group is headquartered
LocationHeadquarters
- HQ city
- Mckinney
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
The Mitas Group business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Application Software: The company designs and provides application software for housing finance and community development agencies. This includes financial management, loan servicing, loan origination, asset management, and compliance systems.
- Implementation Services: Full range of implementation and training services to ensure successful system deployment and data integrity.
- Ongoing Support: Maintenance, support, and hosting services for deployed systems including cloud hosting with guaranteed latest software versions.
- Cloud Hosting Services: Managed cloud hosting providing access to application programs with predictable flat fee pricing. Infrastructure maintenance, hardware, software, and networking included. Claimed 30-60% cost reduction vs. onsite systems.
- Custom Development: Customized application development built on proven infrastructure to meet unique agency business requirements, delivered via web-based software infrastructure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Cloud Hosting with Infrastructure Maintenance |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
The Mitas Group product offering
Product offeringCore offering
The Mitas Group designs, sells, and supports the MITAS Software Platform, a browser-based, cloud-hosted application suite for U.S. Housing Finance Agencies (HFAs) and small public/private agencies. The integrated platform covers financial management (General Ledger, Accounts Payable/Receivable, Cash Management, Bond Debt Service, Fixed Assets), loan origination, loan servicing, single family and multifamily programs, asset management, project development, and LIHTC/HOME program compliance. The company also provides cloud hosting from a Tier 3 data center, implementation/training services, and custom development on its proven infrastructure.
Product overview
The Mitas Group offers the MITAS Software Platform, a unified web-based application suite for housing finance and community development agencies. The platform comprises core financial management modules (General Ledger, Accounts Payable, Accounts Receivable, Cash Management, Bond Debt Service, Fixed Assets) integrated with specialized lending modules for Single Family and Multifamily programs, Loan Origination, and Loan Servicing. For smaller agencies, a scaled Small Agency Cloud Application provides the same sophisticated features at accessible pricing. Additional add-on modules include Asset Management, Program Compliance, Product Development, Property Management Portal, and Customer Service Portal. The company also provides Cloud Hosting Services and Custom Development services. All products are browser-based, cloud-hosted, and built on modern technologies with options for on-premise deployment.
Differentiator
Problem solved
Functional benefit
Products and services
- MITAS Software Platform Browser-based, cloud-hosted integrated application suite for housing finance and community development agencies, covering financial management, loan origination, loan servicing, single family and multifamily programs, asset management, project development, and program compliance. Designed for U.S. Housing Finance Agencies and small agencies (cities, counties, CDFIs, non-profits).
- Cloud Hosting Services Managed cloud hosting of the MITAS application suite from a Tier 3 data center, with 100% SLA uptime, redundant systems for power and cooling, disaster recovery site, biometric access, and 24/7 personnel. Delivered via flat-fee annual subscription with infrastructure maintenance, hardware, software, and networking included.
- Custom Development Custom software development service that delivers customized web-based applications built on the proven MITAS infrastructure, enabling public and private agencies with unique requirements to address specialized needs without the cost and risk of from-scratch development.
Quantifiable outcome
- Overall expenditures for hardware, applications, and management can be reduced by 30-60% or more using MITAS hosting compared to maintaining onsite systems
Companies that use The Mitas Group
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
The Mitas Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature12 records
The Mitas Group partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
The Mitas Group competitors and assessment
Company assessmentBroad incumbents
- MRI Software: Major provider of real estate and affordable housing software (MRI Affordable), targeting public housing authorities, HFAs, and multifamily operators with property management, compliance, and accounting capabilities. Comparable in segment focus though broader in scope than MITAS.
- Yardi Systems: Large, established property and affordable housing management software suite that includes HFA-oriented modules (Procure to Pay, Affordable Housing, Affordable Leasing). Overlaps with MITAS for multifamily, asset management, and compliance workflows but offers a much broader portfolio beyond HFAs.
- RealPage: Large multifamily-focused software platform with affordable housing compliance and asset management capabilities. Competes for the multifamily-side workflows MITAS provides, though RealPage's core market is private multifamily operators rather than state HFAs.
- Tyler Technologies: Major government ERP and domain software provider that has expanded into housing authority solutions. Reaches similar state and local government buyers as MITAS but with vastly broader functionality and resources; a credible takeout threat rather than a niche peer.
- ICE Mortgage Technology (Black Knight): Dominant mortgage servicing and origination technology provider acquired by Intercontinental Exchange. Overlaps with MITAS in single-family loan servicing and origination workflows sold to HFAs but operates at vastly larger scale with end-to-end LOS offerings.
Emerging players
- ResMan: Texas-based affordable housing platform serving small-to-mid multifamily operators with built-in compliance testing (LIHTC, HOME). Comparable in targeting small agencies and affordable housing compliance but with a narrower footprint than MITAS.
- AppFolio: Cloud-native property management SaaS for multifamily and affordable housing operators with modern UX and mobile-first design. Targets the same downstream renter/property-manager ecosystem MITAS serves, but is younger and lacks the deep HFA-specific compliance depth.
Direct peers
- Neighborly Software: Closest direct competitor in the affordable housing / HFA software space, offering a tenant-centric compliance and rent reasonableness platform used by state HFAs, PHAs, and HUD programs. Competes head-to-head for the same regulated state and local agency buyers MITAS serves.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
The Mitas Group social profiles
Digital presenceThe Mitas Group compliance and trust
Trust signalCompliance6 records
The Mitas Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Mitas Group leadership team
Management profileNumber of profiles
The Mitas Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Mitas Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Mitas Group
What does The Mitas Group do?
The Mitas Group designs, sells, and supports the MITAS Software Platform, a browser-based, cloud-hosted application suite for U.S. Housing Finance Agencies (HFAs) and small public/private agencies. The integrated platform covers financial management (General Ledger, Accounts Payable/Receivable, Cash Management, Bond Debt Service, Fixed Assets), loan origination, loan servicing, single family and multifamily programs, asset management, project development, and LIHTC/HOME program compliance. The company also provides cloud hosting from a Tier 3 data center, implementation/training services, and custom development on its proven infrastructure.
Is The Mitas Group a public or private company?
The Mitas Group is a private company. It is classified as family owned and is currently operating.
When was The Mitas Group founded?
The Mitas Group was founded in 1969. It employs 1 to 10 people.
Where is The Mitas Group based?
The Mitas Group is headquartered in Mckinney, United States, in the North America region.
How does The Mitas Group make money?
Five revenue lines are on record. Application Software is the primary driver. The others are implementation Services, ongoing Support, cloud Hosting Services and custom Development.
Who are The Mitas Group's main competitors?
Broad incumbents on record are MRI Software, Yardi Systems, RealPage, Tyler Technologies and ICE Mortgage Technology (Black Knight). Emerging players are ResMan and AppFolio. Neighborly Software is listed as a direct peer.
Does The Mitas Group have an API?
No public API is recorded for The Mitas Group.
What industry is The Mitas Group in?
The Mitas Group's product category is Housing Finance Software. Its primary akta.pro industry code is FSALAKAA, State & Local Housing Finance Agencies (HFAs), with a secondary code of FSALAKAF, Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans). Its NAICS code is 54151 and its SIC code is 7373.